News Column

President Donald Kaberuka, indicates the confidence of the ADB in Cote d'Ivoire

January 31, 2014

ENP Newswire - 31 January 2014 Release date- 30012014 - The Chairman of the Group of African Development Bank (AfDB), Donald Kaberuka, took part January 29, 2013 in Abidjan, Cote d'Ivoire , at the opening ceremony of the 4th 'Forum Invest in Cote d'Ivoire ' in the presence of Ivorian Prime Minister, Daniel Kablan Duncan , and representatives of the political and economic world of the Ivory Coast and abroad. This meeting, which carries the theme ' Private Sector lever for successful regional integration 'brought together nearly 3,000 participants from 113 countries. 'Advances in Cote d ' Ivoire are real and visible ', has immediately Kaberuka said in his speech. And appreciating the efforts of the authorities and all Ivorians to the work of reconstruction, economic recovery and for the excellent results achieved in so little time. He also welcomed the return to political stability, the pace of economic reforms accelerate, and the country ranks 'very good' in the sub-region. The impetus of Cote d'Ivoire , said Kaberuka, is part of a perceptible momentum in much of Africa , which, with the exception of countries in crisis, has made ??a breakthrough. In fact, for the first time in three decades, the majority of African countries have a much higher than the population growth. However, he has qualified, ' Africa still has a long way to go to achieve its transformation, create the jobs that our young people need, and increase participation in value chains of global trade . That is why we must make a clear distinction between the need for economic growth and economic transformation is the strategic objective. ' S As regards the forum, Kaberuka urged participants to jointly analyze the landscape of investments and explore the opportunities that the reconstruction and economic recovery in Cote d'Ivoire have. It should also, has he added, study how to transform constraints into business opportunities. 'Investors here, I have one message' has he said , 'you are right, by confidence in Cote d'Ivoire . ' 'The Bank strongly believes in this country,' he said. 'This is why, after a decade - during which we were forced to relocate the institution because of the crisis in the country - we have just started our return to office of the Bank here in Abidjan . I'm here with our team to discuss with the Government how best to structure our operations to make it even more attractive and competitive country. ' ADB is present in the financing of the Ivorian economy through its window of the public and the private sector, particularly in the area of ??infrastructure sector. And it is involved in key projects such as power plants and Azito CIPREL the Bedie and road bridge projects. In addition, the African Development is ready to consider the support of all project leaders who so request, to benefit from their experience, and make available to them, if the conditions are met, funding tools , said the President of the ADB . Appreciating the reforms undertaken by the Cote d'Ivoire to improve the business climate, the Kaberuka emphasized three key points that require constant improvement: safety, the judiciary and the quality of public service. Kaberuka also dwelt on the theme of regional integration which is a constraint on African growth. Growth that must take sufficient account of the issues of inclusion and equal opportunities for all. He also proposed to strengthen the partnership between the Bank and investors through its private sector window. The latter grants each year, loans, guarantees, and other products up to two billion dollars . Donald Kaberuka finally reiterated the availability of the first African institution he heads to become more involved alongside Cote d'Ivoire .

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ENP Newswire

Story Tools